The UK Oil & Gas Authority (OGA) plans a supplementary licensing round in the first quarter of 2019 for the Greater Buchan Area in the Outer Moray Firth offshore Scotland. Source: News
ExxonMobil lets subsea contract for Liza Phase 2
ExxonMobil Corp. affiliate Esso Exploration & Production Guyana Ltd. has let a contract to TechnipFMC for the engineering of the subsea system for the proposed Liza Phase 2 project on the Stabroek block offshore Guyana. Source: News
Watching Government: Still waiting in the wings
Federal oil and gas regulatory reforms continue at the US Bureau of Land Management, Environmental Protection Agency, and similar agencies under the Trump administration. Source: News
WoodMac: Asia-Pacific oil, gas industry set for rebound
The Asia-Pacific’s oil and gas industry looks set to rebound over the next 12 months as rising demand, stronger commodity prices, and an uptick in merger and acquisition activity bring greater confidence to the region, according to a recent report from Wood Mackenzie. Source: News
Preserving the future
As noted here last week, a new report by the International Energy Agency describes a future for petrochemicals that oil and gas companies should find comforting and challenging Source: News
MMEX Resources lets contract for proposed Texas refinery
MMEX Resources has let a contract to Blanchard Industrial to provide engineering, procurement, and construction on the first 10,000-b/d phase of its proposed Pecos County, Tex., refinery near the Sulfur Junction spur of the Texas Pacifico railroad, about 20 miles northeast of Fort Stockton. Source: News
AI’s role in oil and gas
Oil and gas companies are increasingly honing their use of artificial intelligence (AI) in their day-to-day operations to keep costs low and to retain vital information. Source: News
Imperial restarts Norman Wells production, Line 21 transport
Imperial Oil Ltd. has restarted production at its Norman Wells operations in the Northwest Territories following the return to service of Enbridge Inc.’s Line 21 pipeline. Imperial had previously resumed limited shipments of crude oil from storage in September. The company expects production to ramp up in the months ahead to about 10,000 b/d, consistent […]
Gazprom advancing East Siberian gas field
Gazprom plans to start drilling production wells next year in Kovyktinskoye natural gas and condensate field in the Irkutsk Region of East Siberia. The state-owned company expects the field to start production in 2022 into the Power of Siberia gas pipeline, which will carry gas to Russia’s Far East and China. Source: News
BP granted approval for Alligin development
BP expects production to begin in 2020 from Alligin oil field in the North Sea, for which it has received development approval from the UK Oil & Gas Authority. Alligin is a 20 million-bbl recoverable oil field in the Greater Schiehallion area about 140 km west of Shetland in 475 m of water. It is […]